Suspension of redemptions [For application of this section, see 85 Del. Laws, c. 339, § 2].

§ 3555. Suspension of redemptions [For application of this section, see 85 Del. Laws, c. 339, § 2]. (a) The Commissioner may, by order, authorize a permitted payment stablecoin issuer to temporarily suspend redemptions of payment stablecoins if all of the following: (1) The Commissioner determines that immediate suspension is necessary to prevent harm to payment stablecoin holders resulting from an extraordinary market disruption, systemic liquidity crisis, or material cybersecurity incident. (2) The permitted time, manner, and conditions of any suspension are specified in the order. (b) A suspension of redemptions ordered under this section may not exceed 10 business days without renewal by the Commissioner upon a new finding of necessity. (c) Any issuer or holder adversely affected by a suspension order under this section may petition the Court of Chancery for review on an expedited basis.85 Del. Laws, c. 339, § 1;